Is There a Risk for the Big Cities?

i can't imagine how bad things happennow, let me give you the california you talked about. County population a dropping by was hundre k over 600 am. Because if there's a net migration out, then the people it reflex demographic trends. You build up, new york city is a great example. A small drop in population makes those costs untenable and before you know it, property taxes have to rise which drives people out. So it would not shock me if we got to a point where high rent states a started to experience population declines relative to low rent states. But i remain pretty buolish even on on the big cities, at least in a certain